Is Snowbank (SB) halal or haram?
Not screened yet
We have not run our Shariah screening on Snowbank yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
Snowbank DAO is the decentralized reserve currency protocol available on the Avalanche Network based on the SB token.
The basics
- Where it lives
- token on avalanche
- Circulating supply
- 159,640 SB
- Total supply
- 159,640 SB
- Category
- Crypto-Backed Tokens, Rebase Tokens, Avalanche Ecosystem
What it runs, and where its revenue goes
Per DefiLlama on 2026-09-23, Snowbank runs one product line: Snowbank (Reserve Currency).
DefiLlama does not track revenue to token holders for Snowbank.
Figures from DefiLlama. Whether any of this income is permissible is part of our screening.
Who controls the coins
Read from the token's verified contract on Avalanche (0x7d1232b90d3f809a54eeaeebc639c62df8a8942f) on 2026-09-23: it has mint (held by the contract (0xa824…d873)); what these allow is checked at screening.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening. This much is read straight from the blockchain, so it is already established before any screening runs.
The project's own sources
Checked on 23 September 2026. Every address above was fetched once to confirm it loads.